Royal Roads regains 100% ownership of its Burtons Pond gold property, Newfoundland

Royal Roads Corp. announce that the Burtons Pond gold property ownership has reverted back 100% to Royal Roads. In December 2004 Buchans River Ltd. entered into a joint venture agreement which would enable Prominex Resource Corp. to earn a 70% interest in the Property by fulfilling certain obligations.... 

Zaruma Resources reports TSX reviewing Listing

Zaruma Resources Inc., announced that it has been advised by the Toronto Stock Exchange that the TSX is reviewing the eligibility for continued listing on the TSX of the common shares of the Company. It is the Company’s understanding that the TSX is primarily concerned with the Company’s... 

Midway Gold Announces Project Updates and Plans for 2009

Midway Gold Corp. announce 2009 work plans will primarily be focused on the Golden Eagle project in Washington and the Midway project in Nevada. Exploration at the Spring Valley project is expected to continue under a proposed earn-in agreement, previously announced (PR October 20, 2008). The Thunder... 

Adventure Gold Identifies a Significant Gold Structure on Senore

Adventure Gold Inc. announce that the recent drill program on the Senore and Beaufor North properties has lead to the discovery of significant gold mineralization and the identification of a continuous gold system over more than 600 metres laterally and locally up to 350 metres in depth. The best drill... 

New Drill Program on Midland Exporation’s Maritime Cadillac Property

Midland Exploration Inc. announce the resumption of drilling on its 100%-owned Maritime Cadillac Property which is currently under an option agreement with Agnico-Eagle Mines Limited. This new drilling campaign managed by Agnico-Eagle will consists in a minimum of six holes totalizing 3550 metres. The... 

Eastmain Resources Inc. Announces Goldcorp to Participate in Future Exploration At Eleonore South Project as a Joint Venture

Eastmain Resources Inc. announced that Les Mines Opinaca Ltee., a wholly-owned subsidiary of Goldcorp Inc., has elected to terminate its right to increase its interest by 6.67% in the Eleonore South project in favour of proceeding with future exploration as a joint venture. Eastmain will continue to... 

Northern Gold Mining Inc. Signs Letter of Intent With ValGold Resources Ltd.

Martin Shefsky, President and CEO of Northern Gold Mining Inc., reports that the company has entered into a letter of Intent with ValGold Resources Ltd. The agreement covers the Garrison gold property, consisting of thirty-five patented claims in Garrison Township, approximately 40 kilometres north of... 

Helio Reports Drill Results from the Kenge Target, SMP Gold Project, Tanzania

Helio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a 100% interest in five contiguous licences, which cover a 34km strike length of the Saza Shear Zone. The project covers the New Saza Gold Mine, which operated between 1939 – 1956, producing approximately 270,000 ounces of gold... 

Melkior Resources: Drilling Extends Timmins Gold Bearing Structures

Melkior Resources Inc. announce additional assay results for 16 diamond drilling on the 100% owned Timmins West Property in Carscallen Township, Timmins, Ontario. Assay results for 41 out of 48 diamond drill holes have now been received. The best intersections from this set of assays were from TW-08-10-35... 

Eaglecrest Samples 16.2 Grams Per Tonne Gold on Surface at the Buriti Gold Zone, San Simon Project, Bolivia

Eaglecrest Explorations Ltd. report that a new exploration work has highlighted the Buriti gold target at the San Simon project in Northeastern Bolivia. As part of the on-going district exploration program, a total of 68 surface rock chip samples were collected in November-December 2008 and returned...